Best Thread Live Cable Trading
Oh, been a bit slack with this recently.... Hans123 Update.
The results of 02/07:
EUR/USD:
long at 1.2007, stopped out by SL, result -44 pips
short at 1.1963, closed at 24.00 CET, result -21 pips
short at 1.1956, closed at 24.00 CET, result -28 pips
GBP/USD:
long at 1.7511, stopped out by SL, result -48 pips
short at 1.7463, stopped out by moved SL, result 0 pips
short at 1.7441, closed at 24.00 CET, result -26 pips
Total for the day: -167 pips
Total for this month: +282 pips
Hans
The results of 02/07:
EUR/USD:
long at 1.2007, stopped out by SL, result -44 pips
short at 1.1963, closed at 24.00 CET, result -21 pips
short at 1.1956, closed at 24.00 CET, result -28 pips
GBP/USD:
long at 1.7511, stopped out by SL, result -48 pips
short at 1.7463, stopped out by moved SL, result 0 pips
short at 1.7441, closed at 24.00 CET, result -26 pips
Total for the day: -167 pips
Total for this month: +282 pips
Hans
trendie said:
He his definitely onto something.... but how to tune it.... different time channel, bigger filter, smaller stop loss and re-enter... I just don't know.
But I can tell you this.... his thread has helped enormously with me starting to accept losses.
You don't have to win everyday... too often I've tried to turn a day around only to take it up the jacksy all day long..... and it kind of stings after a while !!! 😉
trendie
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seriously,
today is a Blue Day. and tends to have the major turning points. Dont know if I had mentioned this before. will need to check.
and also there is the Double Bottom at approx 7400 ( sorry Kaffee ).
so the TA is saying something.
EDIT: Turning Points could also mean major continuation.
I am still trialling the Stochs / MACD approach as per DiNapoli.
EDIT2: chart of my attempt at Delta. I may be finding patterns that dont exist, but Blue Days seem to hold the major turns.
today is a Blue Day. and tends to have the major turning points. Dont know if I had mentioned this before. will need to check.
and also there is the Double Bottom at approx 7400 ( sorry Kaffee ).
so the TA is saying something.
EDIT: Turning Points could also mean major continuation.
I am still trialling the Stochs / MACD approach as per DiNapoli.
EDIT2: chart of my attempt at Delta. I may be finding patterns that dont exist, but Blue Days seem to hold the major turns.
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FetteredChinos
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eatontrade
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long @ 25
eatontrade
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Closed @37 +12 (+37 for the day)
eatontrade
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Short @36
coolTrader
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Uphios said:
Really that must mean you are "THE" market maker. I am just waiting it is looking long but then the market has a way of going up 50points and then going the other way for now it is still a bearish day. Unless it breaks 60 well.
eatontrade
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eatontrade said:
I'm still standing by this
Newtron Bomb
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Hi folks
Not been here for quite some time so go easy on me 😆
Ive traded breakouts for coming into my 5th year full time and is the bread and butter of my trading. Like with all trading set ups you will not get them every day and patience for the set up to develop is paramount.
I would look for a range during the Asian range as this is typically when they will regularly occur. the range needs to be <50 pips on something like cable or about 35% of the average daily range. Ideally this will occur at the high/low end of the previous days trading range. One easy way of ID'ing the range is to look at the 4 hour charts and look for 2 small bars. In other words I am looking for a range that has lasted for approximately 8 hours. The direction is usually in line with the move into the range but this is not always the case and some simple TA will help you ID IF there is a good each way bet on. After this I simply trade a pullback after the range has broken or a reversal (123) off the same zone. If there is a runaway move there will alway be a pullback even if this is on the lower TF's so I will alway be on the move.
An alternative range break out/reversal is to use the previous days high and lows and look for a similar set up on the 60 min charts for a pullback or a reversal.
All this information is available here on the articles section of the site or from my own site. I dont do signals as I catch my own fish and eat them and I would hope that any serious trader will do the same.
HTH
NB
Not been here for quite some time so go easy on me 😆
Ive traded breakouts for coming into my 5th year full time and is the bread and butter of my trading. Like with all trading set ups you will not get them every day and patience for the set up to develop is paramount.
I would look for a range during the Asian range as this is typically when they will regularly occur. the range needs to be <50 pips on something like cable or about 35% of the average daily range. Ideally this will occur at the high/low end of the previous days trading range. One easy way of ID'ing the range is to look at the 4 hour charts and look for 2 small bars. In other words I am looking for a range that has lasted for approximately 8 hours. The direction is usually in line with the move into the range but this is not always the case and some simple TA will help you ID IF there is a good each way bet on. After this I simply trade a pullback after the range has broken or a reversal (123) off the same zone. If there is a runaway move there will alway be a pullback even if this is on the lower TF's so I will alway be on the move.
An alternative range break out/reversal is to use the previous days high and lows and look for a similar set up on the 60 min charts for a pullback or a reversal.
All this information is available here on the articles section of the site or from my own site. I dont do signals as I catch my own fish and eat them and I would hope that any serious trader will do the same.
HTH
NB
trendie said:
